Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as

Q: Why is it important to train expatriates about the culture of the country to which they will be…

A: The objective of this question is to understand the importance of cultural training for expatriates…

Q: Q5. What are carrying and storage costs? Explain with examples of each.

A: Carrying and storage costs are the costs incurred to the firm for storage and maintenance of the…

Q: 195 In an inventory with shortages model, d=55 units, Co= €70 and Ch=€4 per unit per year. What is…

A: Maximum inventory level = 40.1

Q: Problem 12-3 (Static) A large bakery buys flour In 25-pound bags. The bakery uses an average of…

A: Annual Demand = D = 1215 bags Ordering Cost = S = $10 Annual carrying cost per bag = $75

Q: Q4// A company producing compressors, decided to make a particular item in batches. The following…

A: Answer: Formula of economic batch quantity or EBQ = 2AO/C when A = Annual demand of components, O =…

Q: Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out…

A: According to the FIFO method, the inventory which comes first in the warehouse will be sold first.…

Q: For the following three questions, consider only tems 1289, 2349, and 8210 from the above table for…

A: Here, for each item code, I have been given the Average inventory units and value per unit, so, I…

Q: Green Grass Industries Limited (GGIL) has used a fixed-time period inventory system that involved…

A: ABC class Importance  % share in usage A Very important  75% B Moderately important 20% C…

Q: Explain the detailed steps in an ABC Analysis and illustrate the steps using the example of a…

A: Cumulative % contribution:- A class items=0% to 80% B class items=80% to 95% C class items=95%…

Q: Cost of Good  Sold Beginning   Inventory (In   Pesos) Ending   Inventory (In   Pesos) 1…

A: Inventory Turnover Ratio is calculated with the help of following formula  Inventory Turnover Ratio…

Q: 32 A local club is selling Christmas trees and deciding how many to stock for the month of…

A: Approach to solving the question: Answer the given question.

Q: Al-Haidari Catering Company planned to purchase its needs from one of the materials involved in its…

A: Economic Order Quantity is that level of inventory at which ordering cost and carrying cost are…

Q: Glamor boutique uses the newsvendor model to manage its inventory. Demand for its product is…

A: The Newsvendor Model is a classic inventory management model used to determine the optimal order…

Q: Use the information provided below and classifies the inventory items according to the ABC…

A: Cost is the total amount that the company incurred during the production of products and services…

Q: Using two-point method, we observe that: • When the probability of sock out is 18%, the sales level…

A: given, stock out 18% sales level is 7550 items/week product availability is 88% sales level is 8000…

Q: given following table, perform ABC classification

A:

Q: 7

A: P systems should have higher safety stock than Q systems.  P systems, or fixed-period inventory…

Q: inventory

A: In inventory is the stock of raw materials or it can be stock of semifinished goods or finished…

Q: Average demand (µ) 480 Demand Standard deviation (σdLT) 35 Service level 85% Service level…

A: Thank you for the question. We are allowed to give answers of one question at a time. Please provide…

Q: What are the assumptions of the basic EOQ model, and towhat extent do they limit the usefulness of…

A: The demand rate is known and also equally distributed throughout the year. There is no time delay…

Q: • 12.10 Matthew Liotine's Dream Store sells beds and as- sorted supplies. His best-selling bed has…

A: Annual Demand = 400 unitsOrdering Cost = $40Holding Cost = $5 per unit per year

Q: Gringer’s Plastics provides plastic parts to the shipbuilding industry. They gathered the following…

A: (1) Multiplying the unit cost by the volume will give you the annual dollar volume for each product.…

Q: The major types of inventory include raw materials, finished goods and:   A. cleaning supplies…

A: "Inventory" refers to existing assets that have been or will soon be transformed into the company's…

Q: What should be the reorder point for part 1002?

A: ANSWER : Option : d) 146

Q: Problem 16-16 (Algo) The McDonald's fast-food restaurant on campus sells an average of 7,200…

A: Planning the inventory levels helps the firm in maintaining stock and avoids wastages.

Q: QUESTION 4 (a) Explain the Economic Order Quantity Model (EOQ). (b) Pfizer Company expects to sell…

A: Economic order quantity (EOQ) can be defined as an inventory management system ideal order quantity…

Q: Q): Calculate EOQ where as Annual demand is 2543570 units  Ordering cost per order is  78, Inventory…

A: Annual Demand = D = 2543570 units Ordering Cost per order = S = 78 Inventory carrying cost per unit…

Q: If the company in #8 uses exponential smoothing (smoothing factor = .6) and the forecast for the…

A: Find the given details below:   Given Details: Year Sales   2017 1000000 2018 1200000…

Q: Question 2: Your firm uses a periodic review system for all SKUs classified, using ABC analysis, as…

A:

Q: Question 2 Identify and explain five techniques that firms could use to better manage their…

A: Inventory management is a critical function for businesses to ensure the efficient and effective use…

Q: What is the average daily total cost

A: Average Total Cost: It refers to the aggregate of every costs incurred to produce a batch, which is…

Q: Give 3 examples of inventory risk.

A: Inventory risk is nothing but the likelihood of an enterprise being not able to sell its product or…

Q: Which model of the following has been used to calculate the Inventory cost: Average inventory *…

A: Inventory costs are those costs incurred in procuring, storing and managing inventory. The types of…

Q: Q2) Groundz Coffee Shop uses 4 kgs of a specialty tea weekly; each kg costs $16. Carrying costs are…

A: NOTE - We will address the first of your questions since you asked so many. If you require an answer…

Q: Explain the differences between single period inventory system and multi period inventory system?

A: In any manufacturing company, inventory and management of inventory are very important. Inventory…

Q: On Sunday morning, a major international news organization broke a story that the company who…

A: Short-term plan (Up to the following one year): The company should focus on finding and onboarding…

Q: Company uses 800 units of a product per year year and order costs of $300 per order. It takes a…

A:

Q: Explain the concept of setup or ordering costs and its relevance to EOQ.

A: Setup or ordering cost discuss with the prices incurred on every occasion an order is located for…

Q: Explain why is necessary to maintain inventory control?

A: Inventory is the stock material held by a business so that it may be distributed instantly to the…

Q: Item Code 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 Avg. Inventory (units) 400 300 120…

A: *Answer: Inventory is a means to an end in any association occupied with the creation, deal, or…

Q: Cheryl Hunter is responsible for maintaining adequate hospital supplies at fictional St. Thomas…

A: Inventory management can be stated as the systematic process of sourcing, stocking or storing, and…